Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.47 and last traded at $97.7430, with a volume of 15396 shares. The stock had previously closed at $97.04.
iShares U.S. Financial Services ETF Stock Performance
The stock has a market cap of $2.24 billion, a P/E ratio of 18.95 and a beta of 0.96. The business’s 50-day moving average price is $95.38 and its 200-day moving average price is $89.56.
Hedge Funds Weigh In On iShares U.S. Financial Services ETF
Several large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP bought a new stake in shares of iShares U.S. Financial Services ETF during the second quarter valued at approximately $215,000. XP Advisory US Inc. purchased a new position in iShares U.S. Financial Services ETF during the 2nd quarter valued at approximately $402,000. Highland Investment Advisors LLC bought a new stake in iShares U.S. Financial Services ETF in the 2nd quarter worth approximately $34,000. Focus Financial Network Inc. increased its stake in iShares U.S. Financial Services ETF by 4.8% in the 2nd quarter. Focus Financial Network Inc. now owns 23,235 shares of the company’s stock worth $2,102,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Clark Asset Management LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth approximately $238,000.
About iShares U.S. Financial Services ETF
iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.
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